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Consolidated net sales (including other operating income) of Avantel for the quarter ended Dec 2023 has increased 53.27% to Rs 59.33 crore. Sales of Communications and signal Processing products segment has gone up 52.57% to Rs 59.44 crore (accounting for 99.60% of total sales). Sales of Health care segment has gone up 764.39% to Rs 0.24 crore (accounting for 0.40% of total sales). Profit before interest, tax and other unallocable items (PBIT) has jumped 162.50% to Rs 22.09 crore. PBIT of Communications and signal Processing products segment rose 145.15% to Rs 22.75 crore (accounting for 102.95% of total PBIT). PBIT of Health care segment rose 24.41% to Rs -0.65 crore (accounting for -2.95% of total PBIT). PBIT margin of Communications and signal Processing products segment rose from 23.81% to 38.26%. PBIT margin of Health care segment rose from negative 3,097.12% to negative 270.83%. Overall PBIT margin rose from 21.59% to 37.02%. Operating profit margin has jumped from 28.96% to 41.19%, leading to 118.02% rise in operating profit to Rs 24.44 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 48.31% to 28.04%. Employee cost increased from 10.21% to 15.67%. Other expenses fell from 15.61% to 14.01%. Other income rose 28.57% to Rs 0.36 crore. PBIDT rose 115.84% to Rs 24.8 crore. Provision for interest fell 43.87% to Rs 0.87 crore. PBDT rose 140.74% to Rs 23.93 crore. Provision for depreciation rose 21.05% to Rs 1.84 crore. Profit before tax grew 162.35% to Rs 22.09 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 5.77 crore, compared to Rs 1.73 crore. Effective tax rate was 26.12% compared to 20.55%. Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 143.95% to Rs 16.32 crore. Promoters’ stake was 40.10% as of 31 December 2023 ,compared to 40.14% as of 31 December 2022 .
For year-to-date (YTD) results analysis.
Consolidated net sales (including other operating income) of Avantel for nine month ended Dec 2023 has increased 79.17% to Rs 182.61 crore. Sales of Communications and signal Processing products segment has gone up 78.97% to Rs 183.05 crore (accounting for 99.72% of total sales). Sales of Health care segment has gone up 1,490.52% to Rs 0.52 crore (accounting for 0.28% of total sales).
Profit before interest, tax and other unallocable items (PBIT) has jumped 159.26% to Rs 55.69 crore. PBIT of Communications and signal Processing products segment rose 142.57% to Rs 57.66 crore (accounting for 103.53% of total PBIT). PBIT of Health care segment rose 14.09% to Rs -1.97 crore (accounting for -3.53% of total PBIT). PBIT margin of Communications and signal Processing products segment rose from 23.24% to 31.50%. PBIT margin of Health care segment rose from negative 6,996.94% to negative 377.93%. Overall PBIT margin rose from 21.00% to 30.34%. Operating profit margin has jumped from 28.15% to 34.85%, leading to 121.82% rise in operating profit to Rs 63.64 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 48.12% to 35.41%. Employee cost increased from 11.17% to 14.00%. Other expenses fell from 15.60% to 12.23%. Other income rose 146.15% to Rs 0.96 crore. PBIDT rose 122.15% to Rs 64.6 crore. Provision for interest rose 15.18% to Rs 3.87 crore. PBDT rose 136.12% to Rs 60.73 crore. Provision for depreciation rose 18.87% to Rs 5.04 crore. Profit before tax grew 159.26% to Rs 55.69 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 15.29 crore, compared to Rs 4.27 crore. Effective tax rate was 27.46% compared to 19.88%.Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 134.75% to Rs 40.40 crore. Promoters’ stake was 40.10% as of 31 December 2023 ,compared to 40.14% as of 31 December 2022 .
| Avantel : Consolidated Results | | | Quarter ended | Year to Date | Year ended |
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| Particulars | 202312 | 202212 | Var.(%) | 202312 | 202212 | Var.(%) | 202303 | 202203 | Var.(%) |
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| Net Sales (including other operating income) | 59.33 | 38.71 | 53.27 | 182.61 | 101.92 | 79.17 | 154.45 | 104.95 | 47.17 | | OPM (%) | 41.19 | 28.96 | 1,223 bps | 34.85 | 28.15 | 670 bps | 30.31 | 25.38 | 493 bps | | OP | 24.44 | 11.21 | 118.02 | 63.64 | 28.69 | 121.82 | 46.82 | 26.64 | 75.75 | | Other Inc. | 0.36 | 0.28 | 28.57 | 0.96 | 0.39 | 146.15 | 0.48 | 1.37 | -64.96 | | PBIDT | 24.80 | 11.49 | 115.84 | 64.60 | 29.08 | 122.15 | 47.30 | 28.01 | 68.87 | | Interest | 0.87 | 1.55 | -43.87 | 3.87 | 3.36 | 15.18 | 4.86 | 1.51 | 221.85 | | PBDT | 23.93 | 9.94 | 140.74 | 60.73 | 25.72 | 136.12 | 42.44 | 26.50 | 60.15 | | Depreciation | 1.84 | 1.52 | 21.05 | 5.04 | 4.24 | 18.87 | 5.77 | 4.03 | 43.18 | | PBT | 22.09 | 8.42 | 162.35 | 55.69 | 21.48 | 159.26 | 36.67 | 22.47 | 63.20 | | Share of Profit/(Loss) from Associates | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT before EO | 22.09 | 8.42 | 162.35 | 55.69 | 21.48 | 159.26 | 36.67 | 22.47 | 63.20 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 22.09 | 8.42 | 162.35 | 55.69 | 21.48 | 159.26 | 36.67 | 22.47 | 63.20 | | Taxation | 5.77 | 1.73 | 233.53 | 15.29 | 4.27 | 258.08 | 9.83 | 4.49 | 118.93 | | PAT | 16.32 | 6.69 | 143.95 | 40.4 | 17.21 | 134.75 | 26.84 | 17.98 | 49.28 | | Minority Interest (MI) | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit | 16.32 | 6.69 | 143.95 | 40.4 | 17.21 | 134.75 | 26.84 | 17.98 | 49.28 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 16.32 | 6.69 | 143.95 | 40.4 | 17.21 | 134.75 | 26.84 | 17.98 | 49.28 | | EPS (Rs)* | 0.67 | 0.28 | 143.95 | 1.66 | 0.71 | 134.75 | 1.10 | 0.74 | 49.28 | | | * EPS is on current equity of Rs 48.65 crore, Face value of Rs 2, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
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| Avantel : Consolidated Segment Results | td>-| | Quarter ended | Year to Date | Year ended |
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| % of (Total) | 202312 | 202212 | Var.(%) | % of (Total) | 202312 | 202212 | Var.(%) | % of (Total) | 202303 | 202203 | Var.(%) |
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| Sales | | Communications and signal Processing products | 99.60 | 59.44 | 38.96 | 52.57 | 99.72 | 183.05 | 102.28 | 78.97 | 99.88 | 154.74 | 106.31 | 45.56 | | Health care | 0.40 | 0.24 | 0.03 | 764.39 | 0.28 | 0.52 | 0.03 | 1,490.52 | 0.12 | 0.19 | 0.01 | 1,336.64 | | Total Reported Sales | 100.00 | 59.68 | 38.99 | 53.07 | 100.00 | 183.57 | 102.31 | 79.42 | 100.00 | 154.93 | 106.32 | 45.71 | | Less: Inter segment revenues | | 0.00 | 0.00 | - | | 0.00 | 0.00 | | 0.00 | 0.00 | - | | Net Sales | 100.00 | 59.68 | 38.99 | 53.07 | 100.00 | 183.57 | 102.31 | 79.42 | 100.00 | 154.93 | 106.32 | 45.71 | | PBIT | | Communications and signal Processing products | 102.95 | 22.75 | 9.28 | 145.15 | 103.53 | 57.66 | 23.77 | 142.57 | 108.89 | 39.93 | 23.64 | 68.89 | | Health care | -2.95 | -0.65 | -0.86 | 24.41 | -3.53 | -1.97 | -2.29 | 14.09 | -8.89 | -3.26 | -1.17 | -177.94 | | Total PBIT | 100.00 | 22.09 | 8.42 | 162.50 | 100.00 | 55.69 | 21.48 | 159.26 | 100.00 | 36.67 | 22.47 | 63.20 | | Less : Interest | | 0.00 | 0.00 | - | | 0.00 | 0.00 | - | | 0.00 | 0.00 | - | | Add: Other un-allcoable | | 0.00 | 0.00 | - | | 0.00 | 0.00 | - | | 0.00 | 0.00 | - | | PBIT Margin(%) | | Communications and signal Processing products | | 38.26 | 23.81 | 1,445.12 | | 31.50 | 23.24 | 825.84 | | 25.80 | 22.24 | 356.58 | | Health care | | -270.83 | -3,097.12 | 2,82,629.42 | | -377.93 | -6,996.94 | 6,61,901.46 | | -1,732.89 | -8,957.25 | 7,22,436.14 | | PBT | 100.00 | 22.09 | 8.42 | 162.50 | 100.00 | 55.69 | 21.48 | 159.26 | 100.00 | 36.67 | 22.47 | 63.20 |
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